Updated over 8 years ago on . Most recent reply
Lot only mobile home park analysis
I'm looking at mobile home park in rural Ohio at $338,000 and interested any opinions/comments. What do you guys think?
Asking Price: $338,000
Town Pop: 16,297
Year Built: 1950
# of Lots: 36
Total Occupancy: 32
Avg MH Lot Rent: $150
# of POH: 0
Water: City
Sewer: City
Water Paid by: Tenant
Trash Paid by: Park Provided
Year Built: 1950
Size: 3.0 arces
The mobile home park is in a small town and all of the mobile homes are tenant owned are pretty old (1960's or so). The tenants are all long term residents. The trash comes out to be around $3500 a year. There's no amenities at the park though there is a laundromat next door. There's 3 abandon trailers in the park.